Advertisement
News
Advertisement

Ecuador court orders Chevron to pay $8 billion: lawyer

Mon, 02/14/2011 - 10:27am
Reuters

LAGO AGRIO, Ecuador (Reuters) - A court in Ecuador's Amazon jungle has ordered Chevron to pay $8 billion in a closely-watched environmental lawsuit, but the U.S. oil company rejected the ruling as "illegitimate".

The highly controversial case has triggered related legal action in U.S. courts and international arbitration and is being monitored by the oil industry for precedents that could lead to other large claims.

SOURCE

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading